X-ray Systems Segment has the Largest Share of Product in the North America Medical Imaging Market during 2021–2028

According to a new market research study on “North America Medical Imaging Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product, and End User” is expected to reach US$ 10,986.5 million by 2028 from US$ 8,083.5 million in 2021. The market is estimated to grow at a CAGR of 4.5% from 2021 to 2028. The report provides trends prevailing in the North America Medical imaging market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the introduction of technological advanced systems and the increasing demand for early diagnosis are the key factors driving the market growth. However, the market is expected experiencing slow growth during the forecast period owing to the declining reimbursements.

North America is witnessing the growing number of COVID-19 cases. Additionally, Mexico and Canada cases are also growing. Due to coronavirus spreading, many cities are shutting down causing treatments and doctor’s appointment cancellation. Patients with serious health conditions, such as Cardiovascular, General Imaging, Musculoskeletal, OB and GYN, Vascular needs physical distancing with others, however, delays in such chronic disease treatments are distressing. However, In the situation of COVID-19 many companies such as Siemens Healthineers, General Electric Company are taking initiative in the United States, used imaging techniques such as CT and ultrasounds to scan the lungs of patients as a part of the treatment of COVID-19. For instance, Siemens Healthineers, is providing lung ultrasound which is strongly recommended for acute respiratory failure and can be a useful alternative during the COVID-19 outbreak if CT is not readily available. Therefore, although there has been a disruption in manufacturing and supply chain models of the manufacturing companies, the heightened demand for computed tomography scans and imaging units led to spur in the market growth.

The market for medical imaging market is segmented into product, and end user. Based on product, the medical imaging market is segmented into CT Systems, X-ray Systems, PET Systems, MRI systems, Ultrasound Systems and Others. In 2020, the X-ray Systems segment accounted for the highest share of the market. Growth of this segment is primarily driven by the increasing use of the interventional x-ray systems including C-arms and others, for image guided surgeries. Further, the new generation of mobile X-ray units offers more advantages in terms of efficiency and cost savings than standalone X-ray systems. Wireless mobile X-ray systems offer flexibility to healthcare facilities, enabling them to share medical images between mobile systems or between fixed-room and mobile systems.

General Electric Company, Siemens AG, Koninklijke Philips N.V., Shimadzu Corporation, Hitachi, Ltd., Canon Inc., Hologic, Inc., Carestream Health Inc., ESAOTE SPA, and Samsung Group are among the leading companies in the North America medical imaging market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in March 2021, Vscan AirTM is a cutting-edge, wireless pocket-sized ultrasound launched by GE Healthcare that offers crystal clear image quality, whole-body scanning capabilities, and intuitive software in the palm of clinicians' hands.

The market for medical imaging market is segmented into product, and end user. Based on product, the medical imaging market is segmented into CT systems, X-ray systems, PET systems, MRI systems, ultrasound systems, and others. Based on end user, the medical imaging market is segmented into hospitals, OP centers, clinician’s offices, and emergency care centers. Geographically, the medical imaging market is segmented into North America (US, Canada, Mexico).